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Frequently Asked Questions

What is insurance?

Insurance is a system of relations based on the transfer or distribution of risk in the field of protection of the property, life, health, civil liability of the insured or the insured, as well as the protection of property interests related to activities not prohibited by legislation, including entrepreneurial activity.

Who is the insured?

Insured – the party to the insurance contract who pays the insurance premium and has an insurable interest in the insurance of the insured object.

Who is the insurer?

Insurer - a local legal entity that has an appropriate license to carry out insurance activities, is a party to the insurance contract, and has the obligation to pay the insurance payment in the manner determined by the legislation or the contract in the event of an insurance event provided for in the insurance contract.

Who is the beneficiary?

Beneficiary - a person who has the right to receive insurance payment in accordance with the compulsory insurance legislation or the insurance contract.

What is liberation?

Exemption – The amount of exemption is the part of the loss or damage caused by an insured event that is not covered by insurance coverage and remains with the insured.

What is reinsurance?

Reinsurance is the division of risks accompanied by the transfer of part of the responsibility for these risks to another insurer (insurance companies) by the insurer (insurance company) that assumes the insurance risks. Reinsurance allows one insurer to accept risks that might be too great for one insurer alone by sharing them with another insurer.

What is property insurance?

Property insurance is a type of insurance in which movable and immovable property, owned or at the disposal of the insured, is used as an insurance object.

What is health insurance?

Medical insurance is a form of social security of the population's interests in health protection and provides for the payment of medical expenses at the expense of funds collected by the insurer in the event of an insured event.

What are the subjects of health insurance?

Subjects of health insurance: citizen (insured), insured, insurance company (insurer) and medical institution.

What is travel insurance?

Travel insurance is a special insurance program that insures the life and health of a person going abroad

What does AUTO-CASCO police mean?

AUTO-CASCO means insurance for damage caused to the car body as a result of a traffic accident, as well as damage caused by collision with any object, natural events, fire, illegal actions of third parties or kidnapping. This type of insurance does not include liability to third parties. Thus, liability risks are covered by a separate type of insurance.